Companies

Government not to sell Air India, if bids are below minimum floor price: Official

Civil Aviation Secretary Rajiv Nayan Choubey said that the government had hired asset and enterprise valuers, who have estimated a minimum floor price or net worth of Air India under the current divestment norms.

May 22, 2018

Three directors quit Fortis Healthcare board amid takeover battle

Fortis Healthcare, which operates about 45 healthcare facilities in India, Dubai, Mauritius and Sri Lanka, has been the target of lengthy takeover tussle involving five suitors.

May 21, 2018

Reliance Communications' settlement with Ericsson over dues unlikely for now: Report

Ericsson had signed a seven-year deal in 2014 to operate and manage RCom's nationwide telecoms network. The company is now seeking 1.55 billion rupees ($170 million) from RCom and two of its subsidiaries.

May 18, 2018

global steel demand, global steel outlook for 2017, steel demand for 2018, sro for steel 2017, world steel association, steel companies in india, tata steel, jsw steel

Tata Steel completes $5.2 billion purchase of bankrupt Bhushan Steel

The Tata Steel unit will raise a bridge loan of 165 billion rupees to help fund the acquisition, while Tata Steel is investing the remainder in the unit, Bamnipal Steel.

May 18, 2018

Eicher Motors to focus on Royal Enfield: Interceptor, Continental GT 650 to lead strategy

After the unsuccessful venture with Polaris in personal utility vehicle space, Eicher Motors is planning to fully focus on its hugely profitable Royal Enfield motorcycle business. The Continental GT 650 and Interceptor 650 are the new bikes to be launched from the Chennai-based niche bike maker.

May 14, 2018

Hundreds of Flipkart employees to turn dollar millionaires overnight after Walmart acquisition

Many former and current Flipkart employees with shares are in for a treat after the American retail giant Walmart acquired 77 percent of the Bengaluru-based company for USD 16 billion.

May 10, 2018

Beyond headlines: What Flipkart-Walmart deal means for consumers, traders and government

The arrival of the most potent retailer from the first-world means the Indian consumers will be treated to ultra-low prices, steep discounts and other winning offers. On the other hand, the sellers, smaller rivals and other elements in the sprawling logistics chain are nervous.

May 10, 2018

Who is Sachin Bansal? Things to know about the co-founder of Flipkart

When IIT Delhi graduates Sachin Bansal and Binny Bansal, two former employees of Amazon, invested four lakh in a start-up venture called Flipkart, little did they know that it would revolutionize online shopping in India.

May 10, 2018

Walmart buys 77 percent stake in India's Flipkart for $16 billion

The investment was more than the $10-12 billion given by sources close to the deal in the past week.

May 9, 2018

Maruti Suzuki recalls 52,686 new Swift, Baleno units: Is your car affected?

Maruti Suzuki claims the recall will inspect for a possible fault in the brake vacuum hose. A total of 44,982 units of the new Swift and 7,704 units of Baleno are covered under the service campaign.

May 8, 2018

U.S. judge blocks Fujifilm, Xerox merger temporarily

The preliminary injunction came a day after the companies reopened deal talks on their $6.1-billion merger. They are discussing a higher price after Xerox, under pressure from top investors, asked to renegotiate the terms.

Apr 29, 2018

jet airways, jet airways etihad, emirates, emirates 2017 results, etihad emirates merger, gulf carriers hit by us rules, laptops banned to us flights

Jet Airways offers discount on premiere, economy flight tickets

Jet Airways is offering 30 percent discount on base fare in economy flights flying from India to select destinations in Europe.

Apr 25, 2018

Analysts still prefer Infosys over TCS despite bullish outlook, market cap boost

TCS' market capitalization reached the $100 billion mark on Monday, rising high above analysts' expectations of where its valuation should be.

Apr 24, 2018

"Beautiful girls needed", "male only": Sexist job ads common at China tech giants

The report published by Human Rights Watch says that discrimination in hiring by Chinese government authorities and private companies is contributing to a widening gender gap in the country.

Apr 24, 2018

TCS worth $100 billion: First Indian IT company to touch this value

Shares of the Mumbai -based company moved nearly 4 percent higher Monday, extending their Friday's surge, making it the first Indian company in a decade to achieve this mark.

Apr 23, 2018

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Companies

Government not to sell Air India, if bids are below minimum floor price: Official

Three directors quit Fortis Healthcare board amid takeover battle

Reliance Communications' settlement with Ericsson over dues unlikely for now: Report

Tata Steel completes $5.2 billion purchase of bankrupt Bhushan Steel

Eicher Motors to focus on Royal Enfield: Interceptor, Continental GT 650 to lead strategy

Hundreds of Flipkart employees to turn dollar millionaires overnight after Walmart acquisition

Beyond headlines: What Flipkart-Walmart deal means for consumers, traders and government

Who is Sachin Bansal? Things to know about the co-founder of Flipkart

Walmart buys 77 percent stake in India's Flipkart for $16 billion

Maruti Suzuki recalls 52,686 new Swift, Baleno units: Is your car affected?

U.S. judge blocks Fujifilm, Xerox merger temporarily

Jet Airways offers discount on premiere, economy flight tickets

Analysts still prefer Infosys over TCS despite bullish outlook, market cap boost

"Beautiful girls needed", "male only": Sexist job ads common at China tech giants

TCS worth $100 billion: First Indian IT company to touch this value

Dhanbad Judge murdered; hit-and-run killed him on spot [shocking video]

Cloudburst near Amarnath shrine; no loss of life, centre assures full support [details]

J&K to be granted statehood at appropriate time: Minister [details]